2536 Newport Hwy Sevierville, TN 37876
Listing Courtesy of: East Tennessee Realtors / Wallace Lakeside Office / Jennifer Burnette

  2536 Newport Hwy Sevierville, TN 37876

Active (35 Days)
$849,000

Description

**Investment Opportunity - Multi-Family Property in Sevierville, TN**

Welcome to 2536 Newport Hwy, a promising multi-family residence situated in the scenic and vibrant community of Sevierville, Tennessee. This property offers a range of flexible living options with 6 units varying from 2 to 4 bedrooms and 1 to 3 bathrooms, catering to different family sizes and needs.

Located mere minutes from the enchanting Dollywood, residents can enjoy easy access to one of Tennessee's most beloved attractions, along with other local amenities such as Sevier County High School, Tanger Outlets, and Food City. This proximity to major attractions and essential services enhances the appeal of the property, potentially increasing rental demand.

For investors, this property does not just offer immediate rental income; it also holds excellent renovation potential. Whether you're looking to refresh the units for higher rent yields or to reconfigure the property to suit a changing market, the possibilities are substantial.

The community features of Sevierville are an added allure with its picturesque landscapes, local parks, and a tight-knit community vibe that makes it a charming place to live. The area's growing popularity amongst tourists and locals alike suggests a steady appreciation of property values over time.

This property represents a strategic investment opportunity that promises both short-term gains through rental income and long-term growth through capital appreciation. Whether you are an experienced investor looking to expand your portfolio or a newcomer to real estate investments, 2536 Newport Hwy offers a solid foundation to build upon.

Schedule a viewing today to see firsthand the potential this multi-family residence has to offer. Embrace the opportunity to invest in a property where demand is as enduring as the scenic beauty of Sevierville.

MLS #:
1263469
Lot Size
1.43 acres
Type
Multifamily
Year Built
1977
County
Sevier County

Listed By

Jennifer Burnette, Wallace Lakeside Office
Source
East Tennessee Realtors
Last checked Jun 24 2024 at 7:17 AM GMT+0000
Bathroom Details
Interior Features
  • Appliances : Refrigerator
  • Appliances : Smoke Detector
Heating and Cooling
  • Electric
  • Central
  • Ceiling Fan(s)
  • Central Cooling
Flooring
  • Slate
  • Vinyl
  • Carpet
  • Laminate
Exterior Features
  • Roof: Road/Road Frontage : Metal
School Information
  • Elementary School: New Center
  • High School: Sevier County
Parking
  • On Premise Parking
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Mortgage calculator estimates are provided by Wallace and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 East Tennessee Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/24/24 00:17